10-Unit Apartment
For Sale
$2,200,000
809 S Townsend Street, Santa Ana, CA 92704
A fully occupied residential property with private garages, shared laundry, and a mix of one- and two-bedroom homes.
Property Size6,840 SF
Lot Size0.28 Acres
Price / SF$321.64
Days on Market13
Property Features for 809 S Townsend Street
General Information
Standard status
Active
Size
6,840 SF
Net Rentable
6,840 SF
Total Parking Spaces
10
Lot size
0.28 Acres
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Bella Vista
Units
Unit Mix
6 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
10
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$24,629
Amenities
on-site laundry
Building Details
Building Size
6,840 SF
Year Built
1960
Buildings
1
Stories
2
Units
10
Listed By:
Shaun Marie Howe · License #01332439
(760) 702-4823
Source:
Desertareaproperty
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 4:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shaun Marie Howe
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Investment Insights
Based on property information with market context.
The Santa Ana apartment property contains 10 units and 6,840 square feet of net rentable area on a 12,240-square-foot lot. Its layout includes six one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. Each residence has a private garage, and residents have access to on-site laundry. Street parking is also available.
The building is fully occupied. Recent work includes SB 721 compliance, deck repairs, replacement railings and windows, and a new water heater. The stated rent analysis indicates 57% upside at current rent levels and an 8.5% pro forma cap rate based on market rents.
The building is fully occupied. Recent work includes SB 721 compliance, deck repairs, replacement railings and windows, and a new water heater. The stated rent analysis indicates 57% upside at current rent levels and an 8.5% pro forma cap rate based on market rents.
Key Highlights
- 10 apartments totaling 6,840 square feet of net rentable area
- Six 1BR/1BA homes and four 2BR/1BA homes
- 12,240‑square‑foot lot in Santa Ana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,179
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,580
$2.1M
Cap Rate 7%
$1,516,843
$1.5M
Cap Rate 9%
$1,179,767
$1.2M
Market Conditions
NOI Build-Up for 6,840 SF
Gross rent
$201.1K $29.40/SF
− Vacancy
−$8.0K −$1.18/SF
EGI
$193.1K $28.22/SF
− OpEx
−$86.9K −$12.70/SF
NOI
$106.2K $15.52/SF
Area
ZIP 92704
Vacancy
4.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,580
Cap Rate 7%
$1,516,843
Cap Rate 9%
$1,179,767
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,179 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,307 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A fully occupied residential property with private garages, shared laundry, and a mix of one- and two-bedroom homes.
Where is this apartment building located?
The property is located at 809 S Townsend Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10 apartments totaling 6,840 square feet of net rentable area; Six 1BR/1BA homes and four 2BR/1BA homes; 12,240‑square‑foot lot in Santa Ana
